Klappir Green Solutions: 2023 Financial Results
Main financial highlights of 2023 (Iceland Krona):
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Total revenue was 573.5 million compared to 450.7 million in 2022.
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Operating EBITDA was 97.2 million (16.9%) compared to 31.5 million (7.0%) in 2022.
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Operating income was $46 million, while operating income for 2022 was negative $36.5 million.
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Net income was $8.7 million, and 2022 net income was negative $35.5 million.
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Total assets were 804 million compared to 617 million in 2022.
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Capital was 377 million, compared to 373 million in 2022.
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Total debt was 427 million compared to 244 million in 2022.
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The equity ratio was 46.9% (60.5% in 2022).
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Cash and cash equivalents at year-end 2023 were 274 million , compared to 152 million in 2022 .
John Agusto Thorsteinsson, CEO:
“We are very pleased with our results in 2023. Our sustainability ecosystem is dynamically evolving, and companies rely on our software for robust sustainability accounting, comprehensive reporting, and seamless data sharing. Undoubtedly, the Klappir ecosystem is helping companies monitor, calculate and transparently communicate their sustainability performance, with a purpose. It is of paramount importance in promoting sustainability efforts.
We grow sales through our partner network, which provides strategic growth opportunities. We are ready to work with our partners to effectively exploit opportunities in the EU market. As we focus on expanding our partner network, we are reducing our advisory services to ensure efficient resource allocation with our partners.
With continued investment in research and development, we are introducing new and innovative product features that enable Klappir customers to comply with the new Corporate Sustainability Reporting (CSRD) Directive and the European Sustainability Reporting Standard (ESRS). Now available. Our services give Klappir customers a significant advantage and place them at the forefront of the industry's sustainability efforts. ”
About crappier
Klappir is a global sustainability software company founded in 2014 and headquartered in Iceland. Klappir stands out for its comprehensive approach to operations, trusted experience, innovative product portfolio and strategic expansion into new markets. In a world with increasing focus on sustainability, Klappir is not only driving its own growth, but also spearheading a transformation in how companies address the complex challenges of sustainability accounting and reporting.
Klappir has emerged as a leading provider of sustainability software, offering an advanced platform built from the inside out to support effective sustainability management across a variety of sectors, including businesses, municipalities, and governments. At the core of Klappir's services is the ability to seamlessly facilitate collaboration with sustainability data to improve efficiency and make informed decisions.
As a global leader in sustainability software solutions, Klappir's holistic approach to operations, innovative product offerings, and strategic market expansion positions businesses to succeed in an increasingly sustainability-focused world. is opening up. Klappir's visionary journey promises to have a transformative impact not just on growth, but on how companies navigate and embrace the complexities of sustainability accounting and reporting.
Klappir B shares are listed on Nasdaq First North Iceland (KLAPP-B). For more information, please visit https://klappir.com. The 2023 Consolidated Financial Statements Release can be accessed at https://www.klappir.com/investors.
For more information contact:
John Agusto Thorsteinsson, CEO
+354 664 9200
jat@klappir.com
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